Man Exec. Named New Unigestion Hedge Fund Head

Apr 13 2010 | 9:31am ET

Unigestion has a new hedge fund chief—and hopes this one lasts longer the his predecessor.

The Swiss asset manager named Man Group’s Philippe Gougenheim its new head of hedge funds. At the world’s largest publicly-listed hedge fund firm, Gougenheim was a senior fund of hedge funds portfolio manager.

Gougenheim will take up his new post on May 1. Patrick Fenal, CEO of Unigestion, which manages some US$3.1 billion in hedge fund assets, has managed its fund of hedge funds business since the departure last year of Konstantinos Iordanidis, a former Olympia Capital Management executive who lasted just five months on the job.

Fenal will remain active in Unigestion’s hedge fund business, the firm said.

For its part, Man said it had no plans to replace Gougenheim immediately.

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